Q.1) "Inflation increases the average level of prices". What does this statement refers to?

1. The price of commodities exceeds income
2. In real terms, the Money supply grows at a higher rate than the Gross Domestic Product
Select the correct answer
A. Only 1
B. Only 2 (Correct Answer)
C. Both 1 and 2
D. Neither 1 nor 2

Q.2) What is the purpose of central & state warehousing corporations?

A. Provide storage facility (Correct Answer)
B. Provide new tools for farming
C. Distribute seeds
D. None of these

Q.3) Among the following, which areas are reserved for public sector as per Government of India's Industrial Policy?

1. Aircrafts
2. Atomic energy
3. Petroleum
4. Railway transport
Choose the correct code:
A. 1 and 2
B. 2 and 3
C. 3 and 4
D. 2 and 4 (Correct Answer)

Q.4) As per Census 2011, which Indian state has made significant progress in total literacy. Additionally, this state has the widest gap between male & female literacy. Identify it from the given options.

A. Uttar Pradesh
B. Bihar (Correct Answer)
C. West Bengal
D. None of these

Q.5) In India, 9 Ultra Mega Power Projects that are being set up in different parts will use ________ as fuel

B. Methane
C. Coal (Correct Answer)
D. None of these

Q.6) The workers in the organized sector of India are what percent of total work force?

A. 15%
B. 50%
C. 7% (Correct Answer)
D. 20%

Q.7) In keeping with which of the following, the annual financial statement is laid before 2 Houses of Parliament?

A. Article 22
B. Article 50
C. Article 60
D. Article 112 (Correct Answer)

Q.8) India has been classified as ___________ by the World Bank on the basis of the size & composition of external debt?

A. Less indebted country (Correct Answer)
B. Highly indebted country
C. Moderately indebted country
D. None of these

Q.9) Which among the following is the most important source of tax revenues of union government?

A. Value Added Tax
B. Union Excise Duties (Correct Answer)
C. Progressive Tax
D. None of these

Q.10) Which country has adopted Gross National Happiness in order to define the index of well-being of its citizens?

A. Australia
B. Japan
C. India
D. Bhutan (Correct Answer)


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